FXall Dominates FX ECN Space, March Volumes on Par with February

Trading volumes at FXall one of the world’s leading ECNs in the liquid Foreign Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term markets were unchanged from a month earlier as the executing venue publishes trading data for march 2013.

FXall recorded average daily trading volume in FX at $110 billion; February saw the same figure and January trade volumes were at $109 billion. Trading volumes have grown 18% since last year and the ECN hit the all-important $100 billion a day figure in December 2012.

The Euro suffered on the back of the Cyprus bank bailout and hit a new 4 month low.

The FX ECN space has been dominated by the awesome 3 platforms, (FXall, Hotspot & Currenex) however 2012 saw a proliferation of new FX venues.

The battle between multi-bank portals and single-bank portals has been a long and steady one, although the banks have been capturing the lions share; the rise of new trading portals with specific characteristics has meant the battle has a new turning point.

However with technology and regulations dictating the market forces, the key question is; how will the new portals sustain their place in an already fragmented market. Phil Weisberg global head of foreign exchange at Thomson Reuters says “We have seen a number of new ventures crop up over the last year that have focused on particular features of a trade life-cycle, primarily Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term. The addition of new currency trading platforms is something we’ve seen before and many fail the test of time".

He continues, "particularly when they are single feature offerings. It’s easy to underestimate what it take to succeed and in particular the costs involved in supporting a platform on an ongoing basis.”

FXall acquired Lava FX from Citi Group in 2010.